PPmoney Secures a ¥375 Million B Round Funding & Announces Strategy of Group Operation. On December 12th, online wealth management platform PPmoney secured ¥375 million in B round funding. Investors included Ants Capital, Yang Jianxin (actual controller of KJT.com) and Yuetai holding group. Meanwhile, PPmoney… Read More
Read more in: Asia, Featured Headlines, Fintech, Global, Insurtech | Tagged asia, baidu, china, lufax, pboc, weiyangx, xu gao
Yirendai (NYSE: YRD) announced on Monday it appointed Chaomei Chen as an independent director. Chen has reportedly been part of the Chinese marketplace lender’s Advisory Committee since January 2016 and been providing strategic advice and insight to the senior management team on a range of issues such… Read More
Read more in: General News, Asia, Investment Platforms and Marketplaces | Tagged appointment, chaomei chen, china, ning tang, yirendai
The trial against Ezubao, once a high-flying peer to peer lending platform, has commenced. The Beijing People’s Protectorate has started proceedings against Ezubao and its parent company Yucheng Holdings and Yucheng Global. This is according to a report in China News. Apparently, 10 individuals will… Read More
Read more in: Asia, Global, Investment Platforms and Marketplaces | Tagged asia, china, ezubao, ezubo, fraud, p2p, peer to peer, yucheng
China Insurance Regulatory Commission Calls Halt to Online Insurance business of Foresea Life Insurance & Five Other Insurance Companies On the of 5th December, the China Insurance Regulatory Commission (CIRC) called a halt to the online insurance business of Foresea Life Insurance for irregularities and… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alipay, ant financia, ant financial, asia, china, china insurance regulatory commission, face, foresea, payments, starbucks, weiyangx, xu gao
China Minsheng Financial Holding Corporation Limited (CMFH) Plans to Acquire a Fintech Company. On the 30th November, China Minsheng Financial Holding Corporation Limited (CMFH) announced its intent to acquire a Fintech company. CMFH believes that such an acquisition will improve its capacity in Fintech development,… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged asia, china, china unionpay, robo advisor, wdzj, weiyangx, xu gao
According to the new report “The Rise of Fintech in China” by DBS and EY, China has outpaced London, New York and Silicon Valley to become the world’s undisputed global fintech leader. Neal Cross, DBS chief innovation officer, indicated that favorable government policies and regulations contributed… Read More
Read more in: Asia, Fintech, General News, Global, Opinion | Tagged china, james lloyd, neal cross
In a follow-up to the Ezubao (Ezubo) shutdown, five people affiliated with the Chinese P2P lending platform that is accused of a Ponzi scheme are on trial for gold smuggling. This is the first court case that is a part of a scandal that robbed investors of between… Read More
Read more in: Asia, Global, Investment Platforms and Marketplaces | Tagged china, ezubao, ezubo, fraud, marketplace, p2p, peer to peer
China’s Leading Auto Financing Companies Set-up Self-Regulating Organization in Shenzhen. On the 23rd November, auto financing self-regulatory regulatory group “Che Dai Quan” (literally meaning auto financing group) was set up in Shenzhen. A number of leading auto financing companies joined this organization, including; RRJC, touna,… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alipay, asia, china, china unicom, pboc, quantgroup, touna, weiyangx, xu gao
Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore, delivered a wide-ranging speech today at the 2nd Shanghai-Singapore Financial Forum in Shanghai. Lo acknowledged the opportunities that exist between China and Singapore noting that China may become 1/3 of the world’s economy by… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged china, jacqueline loh, mas, monetary authority of singapore, shanghai, singapore
JD Finance Has Been Carved Out of JD.COM On November 15th, JD.COM announced it would transfer/sell all the shares it held in JD Finance. In other words, JD.COM will no longer be the legitimate owner of JD Finance. This corporate reorganization was said to make… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged asia, china, gregory gibb, jd finance, jd.com, lufax, weiyangx, xu gao
Accenture recently highlighted that Fintech investments in the Asia-Pacific region have accelerated over the past six years, growing from $103 million in 2010 to nearly $10.5 billion by the end of September 2016. Fintech investments in Asia are outpacing those in Europe and the U.S…. Read More
Read more in: Asia, Fintech, Global | Tagged accenture, asia, china, mckinsey, united states
AliPay Offers New Functions for Single Users. Earlier this month, some AliPay users discovered a new online dating function on home page of the AliPay app (Above 9.9 Version). According to some reports, users received invitation for this beta function. The users will have to… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alipay, ant financial, asia, china, china minsheng bank, jd finance, research, weiyangx, xu gao
Innovate Finance, an association for the global Fintech industry founded in 2014, announced on Wednesday its latest report through Pitchbook revealed over global investment for fintech has increased by 27 % to $15.2 billion to 2016’s third quarter with 839 deals in total. The organization… Read More
Read more in: Fintech, General News | Tagged china, fintech, innovate finance, lawrence wintermeyer, u.s., uk
Peer-to-peer lender, China Rapid Finance, announced on Wednesday its platform has exceeded one million borrowers and it facilitated 8.8 million loans in total as of October 31st. Sharing details about the new milestone, Dr. Zane Wang, CEO of China Rapid Finance, stated: “Serving more than one million borrowers is… Read More
Read more in: Investment Platforms and Marketplaces, Asia, General News | Tagged china, china rapid finance, dr. zane wang, p2p, peer-to-peer lending
Bank of China and HSBC launched blockchain-based housing-mortgage service in Hong Kong It has been reported that Bank of China and HSBC will launch a blockchain-based housing mortgage service in Hong Kong. The new technology will certify and share the real-estate valuation information in seconds,… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged asia, china, weiyangx, xu gao
BondIT has received a strategic investment from China based Wind Information. According to BondIT, the two companies have partnered to bring artificial intelligence and machine learning techniques to wealth management. Specific terms of the deal were not revealed. The two companies intend to start in mature… Read More
Read more in: Fintech, Asia, Global | Tagged artificial intelligence, asia, bondit, china, israel, machine learning, wealth management
Chinese online insurer, ZhongAn Online Property & Casualty Insurance Co., Ltd. (ZhongAn) announced on Friday the launch of its new fintech incubator, ZhongAn Information and Technology Services Co., Ltd. (ZhongAn Technology). According to the insurer, the new brand will explore technology innovation for ZhongAn along with… Read More
Read more in: Fintech, Asia, General News | Tagged asia, blockchain, china, fintech, jin chen, xing jiang, zhongan, zhongan technology
In Response to Lending Cap Regulations, More & More Chinese P2P Platforms Start to Transfer to Financial Asset Exchanges In August, the China Banking Regulatory Commission (CBRC) issued rules for the online lending industry and set lending caps for both individual and business peer to… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alipay, ant financial, asia, china, p2p, peer to peer, real estate, renrendai, weiyangx, xu gao
Wangdaizhijia (or wdzj.com), an alternative finance news and data platform in China, has published two interesting reports on the state of internet finance in the largest altfi market in the world. The first document focuses on peer to peer lending. The second publication is on… Read More
Read more in: Asia, Featured Headlines, General News, Global | Tagged asia, china, p2p, peer to peer, research, wangdaizhijia, wdzj
China Blockchain Development Forum Established in Beijing On October 18th, the China Blockchain Development Forum and first developer conference opened in Beijing. Apart from launching a white paper about blockchain technology and application, the forum is also aimed at standardizing the development process and creating… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged ant financial, asia, china, p2p, peer to peer, tsinghua university, weiyangx, xu gao
© 2026 Crowded Media Group. All Rights Reserved.